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203 Chimney Rock Road
About This Property
The home features three main-level suites-two primaries with custom closets, spa baths, soaking tubs, and in-suite laundry-plus an upstairs retreat with floor-to-ceiling windows and a private elevated walkway. A poolside fourth suite offers its own entrance, full bath, and private patio.
At the heart of the home, a 16'×32' chef's kitchen anchors a 17-foot island alongside professional Thermador appliances. The living room stuns with 18-foot ceilings, a stone fireplace, and walls of glass overlooking the pool and gardens. A wet bar with ice maker and powder room completes the entertaining flow.
Multiple decks, a pool and spa framed by lush stonework, a utility room with workshop, a 2 car carport and 8 car circular driveway round out this sanctuary.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 24, 2026 | Listed by McAlister Real Estate | $3,750,000 | |
| Listed by McAlister Real Estate | |||
| Jul 16, 2026 | Price Decreased |
$3,850,000
↓ $145K
(3.6%) | |
| Price Decreased | |||
| Jun 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 18, 2026 | Listed by McAlister Real Estate | $3,995,000 | |
| Listed by McAlister Real Estate | |||
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A reimagined Memorial icon, this one-of-a-kind estate sits on 0.67 acres shaded by majestic oaks, pines, and mature fruit trees. Terraced stone walkways and seasonal gardens create a serene, park-like setting.
The home features three main-level suites—two primaries with custom closets, spa baths, soaking tubs, and in-suite laundry—plus an upstairs retreat with floor-to-ceiling windows and a private elevated walkway. A poolside fourth suite offers its own entrance, full bath, and private patio.
At the heart of the home, a 16'×32' chef's kitchen anchors a 17-foot island alongside professional Thermador appliances. The living room stuns with 18-foot ceilings, a stone fireplace, and walls of glass overlooking the pool and gardens. A wet bar with ice maker and powder room completes the entertaining flow.
Multiple decks, a pool and spa framed by lush stonework, a utility room with workshop, a 2 car carport and 8 car circular driveway round out this sanctuary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017